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Soluble Soybean Polysaccharides (SSPS) Market - Market Size & Forecasting (2017-2028)

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    Report

  • 98 Pages
  • April 2021
  • Region: Global
  • Quince Market Insights
  • ID: 5447921

FEATURED COMPANIES

  • Creative Enzymes
  • Fos GmbH
  • Fuji Oil Holdings Inc.
  • Jrs Pharma
  • Kowa Company Ltd
The Global Soluble Soybean Polysaccharides (SSPS) Market was valued at USD 2,237.6 million in 2020 and it is expected to register a CAGR of 9.7% over the forecast period. Increased dietary fiber consumption has a wide range of health benefits, including lower blood cholesterol, lower risk of diabetes, and increased laxation. SSPS is one of the dietary fibers derived from okara, a by-product of soy processing. Hence, it is widely used as raw material for dietary supplements. It can be consumed as dairy-based products, thickened milkshake-style beverages, puddings, and low-fat ice creams.

Secondary and primary research are combined to create a unified research report. The analyst's talent is methodically sifting through huge volumes of available information to provide a well-argued industry perspective that is broad in scope due to its breadth of sources. This proven research approach, along with the opinions of industry experts results in an accurate and objective market study.

The global soluble soybean polysaccharides (SSPS) market has been segmented by type, product, application, and region.
  • Based on type, the market is bifurcated into type B (medium viscosity) and type A (low viscosity). In 2020, the type A (low viscosity) segment accounted for the largest share of 74.6% in the global soluble soybean polysaccharides (SSPS) market.
  • Based on product, this market is classified into galactose, arabinose, galacturonic acid rhamnose, and others. In 2020, the galactose segment accounted for the largest share of 39.9% in the global soluble soybean polysaccharides (SSPS) market.
  • Based on application, this market is divided into lactic acid beverage, rice and flour products, biomedicine, and others. In 2020, the lactic acid beverage segment accounted for the largest share of 47.9% in the global soluble soybean polysaccharides (SSPS) market.

Regional segmentation and analysis to understand growth patterns:


North America, Europe, Asia Pacific, Middle East, & South America segmented the Global Soluble Soybean Polysaccharides (SSPS) Market on a regional basis. Some of the major markets in North America and Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. The major companies in this market have their headquarters in North and Europe.

North America, Europe, Asia Pacific, the Middle East & Africa, and South America make up the global soluble soybean polysaccharides (SSPS) market. North America held the largest proportion of the worldwide soluble soybean polysaccharides (SSPS) market in 2020, and it is projecting a growth of 30.9% over the forecast period.

South America and Africa has a strong potential for the Global Soluble Soybean Polysaccharides (SSPS) Market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the Global Soluble Soybean Polysaccharides (SSPS) Market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Reasons to Buy This Report:

  • Market size estimation of the Global Soluble Soybean Polysaccharides (SSPS) Market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market
  • 2500+ data points in 60+ tables with focus on historic demand, estimated demand, and demand forecast
  • Impact of COVID-19 on demand estimation & forecasts (2020 onward)
  • Separate analysis of each segment to understand market deviation due to Covid-19 from 2020 onwards
  • Coverage across 5 major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • Country level demand of the 25+ major markets with key trends & factors influencing the same

Key Factors Impacting Market Growth:

  • An increasing number of Global Soluble Soybean Polysaccharides (SSPS) Market.
  • Highly fragmented and competitive industry
  • The rise in alternative Global Soluble Soybean Polysaccharides (SSPS) Market.

Conclusion: The goal of the study is to define the market sizes in recent years for the different segments & countries and to forecast the values. The aim of the market analysis is to incorporate both the qualitative and the quantitative aspects of the market within the report in each of the regions and countries involved. Moreover, the report also provides comprehensive information on key aspects, such as threats and driving factors, which will affect the future growth of the industry.

FEATURED COMPANIES

  • Creative Enzymes
  • Fos GmbH
  • Fuji Oil Holdings Inc.
  • Jrs Pharma
  • Kowa Company Ltd

1 Market Abstract
2 Market Introduction
2.1 Market Scope
2.2 Key Definitions-Content
2.2.1 Soluble Soybean Polysaccharide (Ssps)
2.2.2 Galactose
2.2.3 Arabinose
2.2.4 Xylose
2.2.5 Fucose
3. Research Practice
3.1 Research Practice
3.1.1 Supply Based Analysis
3.1.2 Demand Based Analysis
3.1.3 Global Level Analysis
3.1.4 Country Level Analysis
3.1.5 Triangulation
3.2 Primary Data
3.3 Secondary Data
3.4 Market Evaluation & Forecasting Methodology
3.5 Assumptions/ Limitations for the Study
3.6 What this Study Provides
3.7 Key Questions Answered by this Report
3.8 this Study is Intended For
4 Key Related Data
4.1 Competitive Positioning
4.1.1 Product Positioning
4.1.2 Revenue Positioning
4.1.3 Regional Reach Positioning
4.2 Soy Final Product and Their Characteristics
4.2.1 Cooking Oil
4.2.2 Feed for Animals
4.2.3 Bio-Diesel
4.3 Qualitative Analysis of Soy Characteristics Based on Demand
4.4 Sugar Content in Soybean
4.5 Pricing Outlook of Soy, 2017-2021
4.6 Forms of Soy, Packaging and Quality
4.7 Raw Material Analysis (Supply & Demand)
4.8 Major Investments in the Last Five Years by Global Players
4.9 Key Industry Trends in Major Countries
4.9.1 China
4.9.2 Germany
4.9.3 India
4.9.4 Brazil
4.10 Technological Advancement
4.11 Guidelines / Regulations
4.12 Pre Covid- 19 Market Scenario and Post Covid-19 Market Scenario
5 Impact Factor Analysis
5.1 Drivers/Restraints/Opportunities/Challenges
5.1.1 Drivers
5.1.1.1 Increased Use of Soluble Soybean Polysaccharides in Dairy Products as a Dietary Fiber Source
5.1.1.2 Economic Cultivation of Soy Byproducts in APAC Region
5.1.2 Restraints
5.1.2.1 Use of Chemicals in Ssps Prone to Harmful Effects to the Body, May Hamper the Market Growth
5.1.3 Opportunity
5.1.3.1 Increasing Application of Dietary Fibers in the Form of Fortified Snacks
5.1.4 Challenges
5.1.4.1 Underdeveloped Cold Chain Infrastructure Outside Asia-Pacific Region
5.2 Porter's Five Forces Model
5.2.1 Bargaining Power of Buyers: (Moderate)
5.2.2 Bargaining Power of Suppliers: (Moderate)
5.2.3 Threat of New Entrants: (Moderate)
5.2.4 Threat of Substitutes: (High)
6 Market Development Analysis
6.1 Overview
6.2 New Product Development / Product Launch (2015-2021)
7 Global Soluble Soybean Polysaccharides (Ssps) Market, by Type
7.1 Introduction
7.2 Type B (Medium Viscosity)
7.3 Type a (Low Viscosity)
8 Soluble Soybean Polysaccharides (Ssps)Market, by Product
8.1 Introduction
8.2 Galactose
8.3 Arabinose
8.4 Galacturonic Acid Rhamnose
8.5 Others
9 Soluble Soybean Polysaccharides (Ssps)Market, by Application
9.1 Introduction
9.2 Lactic Acid Beverage
9.3 Rice and Flour Products
9.4 Pharmaceutical
9.5 Others
10 Soluble Soybean Polysaccharides (Ssps) Market, Regional Analysis
10.1 Introduction
10.2 North America
10.3 Asia-Pacific
10.4 Europe
10.5 Middle East & Africa
10.6 South America
11 Company Profile
11.1 Fuji Oil Holdings Inc
11.1.1 Company Overview
11.1.2 Fuji Oil Holdings Inc: Financial Overview
11.1.3 Fuji Oil Holdings Inc: Product Overview
11.1.4 Fuji Oil Holdings Inc: Key Developments
11.2 Yiming Biological Products Co. Ltd.
11.2.1 Company Overview
11.2.2 Yiming Biological Products Co. Ltd: Product Overview
11.3 Pingdingshan Jinjing Biological Technology Co. Ltd
11.3.1 Company Overview
11.3.2 Pingdingshan Jinjing Biological Technology Co. Ltd: Product Overview
11.4 Kowa Company Ltd
11.4.1 Company Overview
11.4.2 Kowa Company Ltd: Product Overview
11.5 Gushen Biological Technology Group Co. Ltd.
11.5.1 Company Overview
11.5.2 Gushen Biological Technology Group Co. Ltd.: Product Overview
11.6 Bio Nutrients India Pvt. Ltd.
11.6.1 Company Overview
11.6.2 Bio Nutrients India Pvt. Ltd.: Product Overview
11.7 Shandong Yuwang Ecological Food Industry Co. Ltd.
11.7.1 Company Overview
11.7.2 Shandong Yuwang Ecological Food Industry Co. Ltd.: Product Overview
11.8 Fos GmbH
11.8.1 Company Overview
11.8.2 Fos Gmbh: Product Overview
11.9 Linyi Shansong Biological Products Co. Ltd
11.9.1 Company Overview
11.9.2 Linyi Shansong Biological Products Co. Ltd: Product Overview
11.10 Jrs Pharma
11.10.1 Company Overview
11.10.2 Jrs Pharma: Product Overview
11.11 Creative Enzymes
11.11.1 Company Overview
11.11.2 Creative Enzymes: Product Overview
11.12 Guangzhou Fofiber Biological Industry Co. Ltd
11.12.1 Company Overview
11.12.2 Guangzhou Fofiber Biological Industry Co. Ltd: Product Overview
12 Appendix
12.1 List of Abbreviation
12.2 Key Related Reports
List of Tables
Table 1 New Product Development / Product Launch (2015-2021)
Table 2 Global Soluble Soybean Polysaccharides (Ssps) Market, by Type - Under Covid-19 (Usd Million)
Table 3 Global Soluble Soybean Polysaccharides (Ssps) Market, by Type - (Usd Million)
Table 4 Type B (Medium Viscosity) Market, by Region -Under Covid-19 (Usd Million)
Table 5 Type B (Medium Viscosity) Market, by Region (Usd Million)
Table 6 Type a (Low Viscosity) Market, by Region -Under Covid-19 (Usd Million)
Table 7 Type a (Low Viscosity) Market, by Region (Usd Million)
Table 8 Global Soluble Soybean Polysaccharides (Ssps) Market, by Product - Under Covid-19 (Usd Million)
Table 9 Global Soluble Soybean Polysaccharides (Ssps) Market, by Product - (Usd Million)
Table 10 Galactose Market, by Region -Under Covid-19 (Usd Million)
Table 11 Galactose Sensing Market, by Region (Usd Million)
Table 12 Arabinose Market, by Region -Under Covid-19 (Usd Million)
Table 13 Arabinose Market, by Region (Usd Million)
Table 14 Galacturonic Acid Rhamnose Market, by Region - Under Covid-19 (Usd Million)
Table 15 Galacturonic Acid Rhamnose Market, by Region (Usd Million)
Table 16 Others Market, by Region -Under Covid-19 (Usd Million)
Table 17 Others Market, by Region (Usd Million)
Table 18 Global Soluble Soybean Polysaccharides (Ssps) Market, by Application - Under Covid-19 (Usd Million)
Table 19 Global Soluble Soybean Polysaccharides (Ssps) Market, by Application - (Usd Million)
Table 20 Lactic Acid Beverage Market, by Region -Under Covid-19 (Usd Million)
Table 21 Lactic Acid Beverage Market, by Region (Usd Million)
Table 22 Rice and Flour Products Market, by Region -Under Covid-19 (Usd Million)
Table 23 Rice and Flour Products Market, by Region (Usd Million)
Table 24 Pharmaceutical Market, by Region -Under Covid- - 19 (Usd Million)
Table 25 Pharmaceutical Market, by Region (Usd Million)
Table 26 Others Market, by Region -Under Covid-19 (Usd Million)
Table 27 Others Market, by Region (Usd Million)
Table 28 Global Soluble Soybean Polysaccharides (Ssps) Market, by Region- Under Covid-19 (Usd Million)
Table 29 Global Soluble Soybean Polysaccharides (Ssps) Market, by Region (Usd Million)
Table 30 North America Soluble Soybean Polysaccharides (Ssps) Market, by Country - Under Covid- -19 (Usd Million)
Table 31 North America Soluble Soybean Polysaccharides (Ssps) Market, by Country (Usd Million)
Table 32 North America Soluble Soybean Polysaccharides (Ssps) Market - by Type - Under Covid-19 (Usd Million)
Table 33 North America Soluble Soybean Polysaccharides (Ssps) Market - by Type (Usd Million)
Table 34 North America Soluble Soybean Polysaccharides (Ssps) Market - by Product - Under Covid-19 (Usd Million)
Table 35 North America Soluble Soybean Polysaccharides (Ssps) Market - by Product (Usd Million)
Table 36 North America Soluble Soybean Polysaccharides (Ssps) Market - by Application - Under Covid-19 (Usd Million)
Table 37 North America Soluble Soybean Polysaccharides (Ssps) Market - by Application (Usd Million)
Table 38 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market, by Country -Under Covid-19 (Usd Million)
Table 39 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market, by Country (Usd Million)
Table 40 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Type - Under Covid-19 (Usd Million)
Table 41 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Type (Usd Million)
Table 42 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Product - Under Covid-19 (Usd Million)
Table 43 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Product (Usd Million)
Table 44 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Application - Under Covid-19 (Usd Million)
Table 45 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Application (Usd Million)
Table 46 Europe Soluble Soybean Polysaccharides (Ssps) Market, by Country - Under Covid-19 (Usd Million)
Table 47 Europe Soluble Soybean Polysaccharides (Ssps) Market, by Country (Usd Million)
Table 48 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Type - Under Covid-19 (Usd Million)
Table 49 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Type (Usd Million)
Table 50 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Product - Under Covid-19 (Usd Million)
Table 51 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Product (Usd Million)
Table 52 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Application - Under Covid-19 (Usd Million)
Table 53 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Applicatoi (Usd Million)
Table 54 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market, by Country-Under Covid-19 (Usd Million)
Table 55 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market, by Country (Usd Million)
Table 56 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Type - Under Covid-19 (Usd Million)
Table 57 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Type (Usd Million)
Table 58 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Product - Under Covid-19 (Usd Million)
Table 59 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Product (Usd Million)
Table 60 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Application - Under Covid-19 (Usd Million)
Table 61 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Application (Usd Million)
Table 62 South America Soluble Soybean Polysaccharides (Ssps) Market, by Country -Under Covid-19 (Usd Million)
Table 63 South America Soluble Soybean Polysaccharides (Ssps) Market, by Country (Usd Million)
Table 64 South America Soluble Soybean Polysaccharides (Ssps) Market - by Type - Under Covid-19 (Usd Million)
Table 65 South America Soluble Soybean Polysaccharides (Ssps) Market - by Type (Usd Million)
Table 66 South America Soluble Soybean Polysaccharides (Ssps) Market - by Product - Under Covid-19 (Usd Million)
Table 67 South America Soluble Soybean Polysaccharides (Ssps) Market - by Product (Usd Million)
Table 68 South America Soluble Soybean Polysaccharides (Ssps) Market - by Application - Under Covid-19 (Usd Million)
Table 69 South America Soluble Soybean Polysaccharides (Ssps) Market - by Application (Usd Million)
List of Figures
Figure 1 Global Soluble Soybean Polysaccharides (Ssps) Market: by Type, 2020 & 2028
Figure 2 Global Soluble Soybean Polysaccharides (Ssps) Market: by Product, 2020 & 2028
Figure 3 Global Soluble Soybean Polysaccharides (Ssps) Market: by Application, 2020 & 2028
Figure 4 Global Soluble Soybean Polysaccharides (Ssps) Market: by Region
Figure 5 Global Soluble Soybean Polysaccharides (Ssps) Market - Market Scope
Figure 6 Global Soluble Soybean Polysaccharides (Ssps) Market -Research Practice
Figure 7 Global Soluble Soybean Polysaccharides (Ssps) Market -Research Methodology
Figure 8 Global Soluble Soybean Polysaccharides (Ssps) Market -Primary and Secondary Research
Figure 9 Product Positioning Type, Product & Application
Figure 10 Regional Reach Positioning
Figure 11 Droc Analysis
Figure 12 Porter's Five Forces Model- Global Soluble Soybean Polysaccharides (Ssps) Market
Figure 13 Global Soluble Soybean Polysaccharides (Ssps) Market, by Type 2017-2028
Figure 14 Global Soluble Soybean Polysaccharides (Ssps) Market, by Product
Figure 15 Global Soluble Soybean Polysaccharides (Ssps) Market, by Application
Figure 16 Global Soluble Soybean Polysaccharides (Ssps) Market - by Region
Figure 17 North America Soluble Soybean Polysaccharides (Ssps) Market Snapshot
Figure 18 North America Soluble Soybean Polysaccharides (Ssps) Market - by Country
Figure 19 North America Soluble Soybean Polysaccharides (Ssps) Market - by Type
Figure 20 North America Soluble Soybean Polysaccharides (Ssps) Market - by Product
Figure 21 North America Soluble Soybean Polysaccharides (Ssps) Market - by Application
Figure 22 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market Snapshot
Figure 23 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Country
Figure 24 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Type
Figure 25 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Product
Figure 26 Asia-Pacific Soluble Soybean Polysaccharides (Ssps) Market - by Application
Figure 27 Europe Soluble Soybean Polysaccharides (Ssps) Market Snapshot
Figure 28 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Country
Figure 29 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Type
Figure 30 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Product
Figure 31 Europe Soluble Soybean Polysaccharides (Ssps) Market - by Applicaion
Figure 32 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market Snapshot
Figure 33 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Country
Figure 34 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Type
Figure 35 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Product
Figure 36 Middle East & Africa Soluble Soybean Polysaccharides (Ssps) Market - by Application
Figure 37 South America Soluble Soybean Polysaccharides (Ssps) Market Snapshot
Figure 38 South America Soluble Soybean Polysaccharides (Ssps) Market - by Country
Figure 39 South America Soluble Soybean Polysaccharides (Ssps) Market - by Type
Figure 40 South America Soluble Soybean Polysaccharides (Ssps) Market - by Product
Figure 41 South America Soluble Soybean Polysaccharides (Ssps) Market - by Application
Figure 42 Fuji Oil Holdings Inc (Business Overview)
Figure 43 Fuji Oil Holdings Inc (Financial Overview)
Figure 44 Fuji Oil Holdings Inc: SWOT Analysis
Figure 45 Yiming Biological Products Co. Ltd (Business Overview)
Figure 46 Pingdingshan Jinjing Biological Technology Co. Ltd (Business Overview)
Figure 47 Kowa Company Ltd (Business Overview)
Figure 48 Gushen Biological Technology Group Co. Ltd.: (Business Overview)
Figure 49 Bio Nutrients India Pvt. Ltd.: (Business Overview)
Figure 50 Shandong Yuwang Ecological Food Industry Co. Ltd.: (Business Overview)
Figure 51 Fos Gmbh: (Business Overview)
Figure 52 Linyi Shansong Biological Products Co. Ltd (Business Overview)
Figure 53 Jrs Pharma (Business Overview)
Figure 54 Creative Enzymes (Business Overview)
Figure 55 Guangzhou Fofiber Biological Industry Co. Ltd (Business Overview)

FEATURED COMPANIES

  • Creative Enzymes
  • Fos GmbH
  • Fuji Oil Holdings Inc.
  • Jrs Pharma
  • Kowa Company Ltd
The water-soluble, soluble soybean polysaccharide (SSPS) is extracted and processed from soybean. SSPS is predominantly made up of dietary fiber from the soybean cotyledon and has low viscosity and high aqueous stability. Increased dietary fiber consumption has a wide range of health benefits, including lower blood cholesterol, lower risk of diabetes, and increased laxation. SSPS is one of the dietary fibers derived from okara, a by-product of soy processing. Hence, it is widely used as raw material for dietary supplements. It can be consumed as dairy-based products, thickened milkshake-style beverages, puddings, and low-fat ice creams.

The use of SSPS resulted in refreshing acidic milk beverage developments like soft drinks, with no milk protein precipitation. They are used in many beverages sold in polyethylene terephthalate (PET) bottles because they resist precipitation and degradation of appearance even when stored for long periods. Their roles aren't only limited to beverages; they're also widely used in frozen confections, desserts, and other items.

Rice and noodles can benefit from soluble soybean polysaccharides. Rice cooked with SSPS is less likely to become hard even when stored in the refrigerator because they retain surface moisture. Soluble soybean polysaccharides also aid in preventing noodle clumping. Soluble soy polysaccharides are extensively used in rice and noodle dishes sold in grocery stores and supermarkets because of these benefits. They are also used to prevent protein coagulation and precipitation under acidic conditions in addition to their oil-water emulsifying properties. In applications such as drinking yogurt, SSPS can stabilize milk proteins under acidic conditions, avoiding casein aggregation and precipitation.

Due to various unique physical properties, SSPS are used in various functional food applications. For example, SSPS has a high adhesive strength that allows it to be used as a binder in various food applications. SSPS also can form film and can be used to create a colorless, water-soluble edible film for food applications. They are also utilized to soften the texture of many food products, such as breads, meats, cakes, and cream sauces. All the aforementioned factors are expected to propel the global soluble soybean polysaccharides (SSPS) market growth during the forecast period.

The global soluble soybean polysaccharides (SSPS) market was estimated to be USD 2,237.6 million in 2020 and register a CAGR of 9.7%, reaching USD 4,703.9 million by 2028. But due to the COVID-19 impact, the estimated market size in 2020 has come down to USD 2,145.5 million and is projected to register a CAGR of 5.3% to hit USD 3,255.3 million by 2028.

The global soluble soybean polysaccharides (SSPS) market has been segmented by type, product, application, and region.

Based on type, the market is bifurcated into type B (medium viscosity) and type A (low viscosity). In 2020, the type A (low viscosity) segment accounted for the largest share of 74.6% in the global soluble soybean polysaccharides (SSPS) market. This segment was estimated to be USD 1,668.4 million in 2020, and register a CAGR of 10.2% during the forecast period, reaching USD 3,637.4 million by 2028. But due to the COVID-19 impact on the market, the estimated value of the type A (low viscosity) segment in 2020 has come down to USD 1,599.8 million and is projected to register a CAGR of 5.8% during the forecast period to hit USD 2,517.3 million by 2028.

Most of the major players have adopted low viscosity soybean polysaccharides (SSPS) to create their products, such as acidic milk drinks and yogurts, as low viscosity offers excellent protein stability and a refreshing taste. The SSPS aqueous solution has a low viscosity and is suitable for use in a low-viscosity protein-containing beverage, and it does not reduce its good stabilizing effect even in a calcium-enriched nutrient-fortified beverage.

Based on product, this market is classified into galactose, arabinose, galacturonic acid rhamnose, and others. In 2020, the galactose segment accounted for the largest share of 39.9% in the global soluble soybean polysaccharides (SSPS) market. This segment was estimated to be USD 894.3 million in 2020, and register a CAGR of 11.3% during the forecast period, reaching USD 2,105.4 million by 2028. But due to the COVID-19 impact on the market, the estimated value of the galactose segment has come down to USD 857.5 million in 2020 and is projected to register a CAGR of 6.9% during the forecast period to reach USD 1,457.0 million by 2028.

The galactose segment is expected to grow with the highest CAGR during the forecast period. The soluble soybean polysaccharides (SSPS) contain maximum galactose content as compared to others. Due to the growing use of soluble soybean polysaccharides (SSPS) in yogurt, fermented milk drinks, acidic milk drinks, cakes, and cream sauces, and others, galactose has the highest demand among others.

Based on application, this market is divided into lactic acid beverage, rice and flour products, biomedicine, and others. In 2020, the lactic acid beverage segment accounted for the largest share of 47.9% in the global soluble soybean polysaccharides (SSPS) market. This segment was estimated to be USD 1,072.5 million in 2020, and register a CAGR of 10.7% during the forecast period, reaching USD 2,421.5 million by 2028. But due to the COVID-19 impact on the market, the estimated value of the lactic acid beverage segment has come down to USD 1,028.4 million in 2020 and is projected to register a CAGR of 6.3% during the forecast period to reach USD 1,675.8 million by 2028.

By application, the lactic acid beverage segment is expected to grow substantially over the forecast period. Its wide range of applications include fermented milk drinks, acidic milk drinks, soda milk drinks, yogurt, dairy-based products, thickened milkshake-style beverages, puddings, low-fat ice cream, among others.

Based on region, the global soluble soybean polysaccharides (SSPS) market has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. In 2020, North America accounted for the largest share of 30.9% in the global soluble soybean polysaccharides (SSPS)market. This segment was estimated to be USD 690.5 million in 2020, register a CAGR of 10.2% during the forecast period, reaching USD 1,502.1 million by 2028. But due to the COVID-19 impact on the market, the estimated value of the North America has come down to USD 662.1million in 2020 and is projected to register a CAGR of 5.8% during the forecast period to reach USD 1,039.5 million by 2028.

North America dominated the market in 2020 with the highest market share. This growth is attributed to factors, such as shifting lifestyles, a lack of healthy dietary intake, and global manufacturers' increased emphasis on R&D to develop new kinds of soy-protein-enriched products with soluble soybean polysaccharides (SSPS) as an ingredient. The United States continues to dominate the market, followed by Canada and Mexico. Owing to increased demand for organic and plant-based products and an increase in the number of counterfeit products on the market, consumers in the region are moving to more dietary supplements product, thereby driving the soluble soybean polysaccharides (SSPS) market growth.

A selection of companies mentioned in this report includes:

  • Fuji Oil Holdings Inc.
  • Yiming Biological Products Co. Ltd
  • Pingdingshan Jinjing Biological Technology Co. Ltd
  • Kowa Company Ltd
  • Gushen Biological Technology Group Co. Ltd.
  • Bio Nutrients India Pvt. Ltd.
  • Shandong Yuwang Ecological Food Industry Co. Ltd
  • Fos GmbH
  • Linyi Shansong Biological Products Co. Ltd
  • Jrs Pharma
  • Creative Enzymes
  • Guangzhou Fofiber Biological Industry Co. Ltd